Eco Oro Minerals Corp. announced completion of second tranche of private placement

Date Closed

February 04, 2020

Lead Office

Vancouver

Value

20.00 Million USD

On February 4th, 2020 Eco Oro Minerals Corp completed the second tranche of its private placement of up to US$20,000,000 of contingent value rights certificates. On completion of the Second Tranche, the Company issued an aggregate of approximately US$1,725,370.15 of 2020 CVRs. The proceeds of the Second Tranche will be used for general corporate purposes, including working capital needs. The proceeds of the private placement will be used to finance Eco Oro’s arbitration with the Government of Colombia.

Eco Oro Minerals Corp. is a precious metals exploration and development company. The Company operates projects throughout Colombia, with its focus on the Angostura gold-silver deposit.

McCarthy Tétrault LLP advised Eco Oro Minerals Corp. with a team led by Robin Mahood that included Barbara Wang and Maryanna Dinh.

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